ALAFCO take on 20 Boeing 737 MAXs
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The Kuwait Airplane Leasing Co
mpany (ALAFCO) announced a commitment for 20 Boeing 737 MAX 8s valued at US$1.9 billion at current list prices. This announcement was made at the Franbough Air Show. Boeing looks forward to finalizing the agreement, at which time the order will be posted to the Boeing Orders & Deliveries website.
The signing ceremony was attended by ALAFCO’s chairman and CEO Ahmad Alzabin and Ray Conner, president and CEO of Boeing Commercial Airplanes.
“This is the first commitment for 737 MAX from the Middle East,” said Conner. “We are confident that the 737 MAX will deliver fuel efficiency in the single-aisle market as well as improved environmental performance.”
The 737 MAX has accumulated more than 1,000 orders and commitments from 17 customers worldwide since its launch on Aug 30th, 2011. The 737 MAX is the new-engine variant and builds on the strengths of today’s Next-Generation 737. The airplane will be powered by CFM International LEAP-1B engines.
“With rising fuel costs, the 737 MAX will provide operational cost savings to airlines in addition to being more environmentally-friendly due to its latest quiet engine technology,” said Alzabin. “These are advantages that airlines are looking for in the current competitive and demanding environment.”
